Russia: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 53.98
 Year 2022
 Measure percent
 Data availability 1989 - 2022
 Average 50.53
 Min - Max 30.59 - 57.01
 Source The World Bank
For that indicator, we provide data for Russia from 1989 to 2022. The average value for Russia during that period was 50.53 percent with a minimum of 30.59 percent in 1989 and a maximum of 57.01 percent in 2016. The latest value from 2022 is 53.98 percent. For comparison, the world average in 2022 based on 165 countries is 54.13 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Russia - Share of services - recent values

Historical chart
Russia - Share of services - historical chart - 1989-2022

The importance of services in the economy of Russia and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.

 Related indicators Latest value Reference Measure
 Share of industry 32.79 2022 percent
 Share of manufacturing 12.84 2022 percent
 Share of services 53.98 2022 percent
 Industry value added 734.71 2022 billion U.S. dollars
 Manufacturing value added 287.71 2022 billion U.S. dollars
 Services value added 1,209.30 2022 billion U.S. dollars
 Savings, percent of GDP 31.56 2022 percent
 Savings, in dollars 707.05 2022 billion U.S. dollars
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